SOUTH HILLS CROSSING GRAND OPENING

On Thursday, September 8, 2016, the City of San Luis Obispo will celebrate the grand opening of South Hills Crossing, a new affordable apartment community done in partnership between ROEM Corporation and the Housing Authority of the San Luis Obispo (HASLO).  
“South Hills Crossing represents the coming together of the private sector, HASLO, the City and financial markets to really address one of our community’s top challenges – lack of affordable rental housing. I am excited to see this project come to fruition,” said Mayor Jan Howell Marx, City of San Luis Obispo.
South Hills Crossing stands out as a shining example of how the community benefits when partners come together in the housing industry.  Due in large part to the successful collaboration of the HASLO, City of San Luis Obispo, County of San Luis Obispo, San Luis Obispo County Housing Trust Fund, and ROEM Corporation, 43 families have moved into their new South Hills Crossing affordable apartments.  In close proximity to restaurants, services, and entertainment downtown, South Hills Crossing brings permanent affordable housing to this beautiful California Central Coast community.
“South Hills Crossing is an excellent example of what can be accomplished by the community working collaboratively.  Together we have created a permanent affordable housing resource for San Luis Obispo close to jobs, services and transportation,” said Scott Smith, Executive Director of HASLO.
South Hills Crossing is affordable to families with annual incomes at or below 60 percent of the San Luis Obispo County area median income.  Designed by international award-winning KTGY Architecture + Planning, the $14.1 million development consists of three buildings in a contemporary mix of urban-industrial and craftsman style architectures with 43 one-, two- and three-bedroom units.  In step with the community’s love of outdoor recreation and care for the environment, the development boasts a bike storage structure for 44 bicycle spaces (one per unit) in addition to providing 66 surface parking spaces and four motorcycle spaces.
“South Hills Crossing shows what can be done when a public sector collaborative and a for-profit developer work in partnership to begin solving a local problem such as housing affordability,” said Alex Sanchez, Executive Vice President of ROEM Corporation.  “While we’re still feeling the effects of the demise of our state’s redevelopment funding sources, and with so many other economic variables working against the goal of providing affordable housing, I applaud the City and County of San Luis Obispo for creating policies that encourage affordable housing developers to build here.”
South Hills Crossing is fully leased.